(Click here to see Jessie "El Peligroso" Magdaleno announced as the undisputed NABF Featherweight Champion over Rico Ramos.)

Magdaleno, a former United States National Championship winner, and a former National Golden Gloves Championship winner bested Ramos at The Hangar in Costa Mesa, California as one of the co-main events on ESPN on Saturday night. The fight marked a triumphant return to the ring for Magdaleno since moving weight classes from bantamweight to featherweight last year.

The boxing sponsorships are a part of a series of strategic moves by Diamond CBD to maximize the reach of their brands and to ensure that their popular CBD edible, oil, and vape products are accessible beyond traditional e-commerce platforms.

"We're thrilled to be a part of Jessie Magdaleno's team and proud to sponsor what we think is one of the most exciting sports out there today," said Kevin Hagen, CEO of Diamond CBD parent company PotNetwork Holdings, Inc. "Millions of people have turned to all-natural CBD products to help with things like pain and inflammation, and we know that if it's powerful enough for someone who takes a beating in the ring, then it will work wonders on everyday aches and pains."

Experts predict tremendous growth for the hemp-derived CBD market in the next few years, with some calling for the market to reach as high as $22 billion within the next five years. According to at least one study, Diamond CBD is already well-positioned as a major player in that market, and both customers and shareholders can expect the Company to grow in the space over the next decade.

About Diamond CBD, Inc.: Diamond CBD focuses on the research, development, and multinational marketing of premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives. Diamond CBD's team consists of hemp industry pioneers and natural product experts, chemists, doctors and scientists, dedicated to producing the finest and purest cannabidiol (CBD) oils. The result is a robust selection considered among the most powerful natural CBD oils, tinctures, edibles, and vape liquids found anywhere. For more information, please visit its website at www.DiamondCBD.com.

About PotNetwork Holdings, Inc.: PotNetwork Holdings, Inc. (OTC Pink:POTN) is a publicly traded company that acts as a holding company for its principal subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD products. For more information, please visit, www.potnetworkholding.com.

Safe Harbor: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.